All Property Week articles in 7 August 2015
View all stories from this issue.
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Online
RevPAR growth slows for hotels in major UK cities
Research has found that growth in revenue per available room among UK hotels was slower in Q2 2015 than in the last eight quarters, while Aberdeen and London experienced a year-on-year decline.
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Online
Goodman reports solid year-on-year profits
Australian property developer Goodman Group has reported a AUS$653m (£308m) operating profit for the full year to 30 June 2015, a 9% increase on its 2014 total.
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OnlineKitewood wins consent for £40m Sydenham residential scheme
Kitewood has won planning consent from Bromley Council to create a £40m residential development on a former Salvation Army site in Sydenham, south east London.
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Online
£40m North West digital health hub gets go-ahead
A joint venture between Seddon Developments and Ascalon Properties has been granted planning consent for a 110,000 sq ft digital health hub in Chorley, Lancashire.
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OnlineNew slotting proposals are too prescriptive for real estate, says CREFC Europe
CREFC Europe has criticised the European Banking Authority’s consultation on ‘slotting’ for failing to deal adequately with real estate.
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Online
Hackney council appoints CF Commercial for Dalston scheme
The London Borough of Hackney has appointed retail consultancy CF Commercial to find retailers and leisure operators for its Dalston Western Curve scheme.
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OnlineUK fund under offer to buy £160m Haymarket House
Hermes Real Estate is under offer to buy Haymarket House in the heart of the West End for around £160m.
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OnlineManchester retail is UK's most under-priced market, says DTZ
Retail property in Manchester is currently the most under-priced market in the UK, according to DTZ’s UK Fair Value Index.
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OnlineDerwent sees rental growth accelerate as lettings surge ahead
Derwent London has increased its rental growth targets after seeing rents and lettings surge in the first half of the year.
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OnlineGrainger to sell German assets and appoint new finance director
Grainger has appointed the investment bank Lazard to sell its residential properties in Germany and announced the retirement of its finance director Mark Greenwood.
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OnlineCLS and CapReg hold strong in falling market
Strong results helped CLS Holdings and Capital Regional buck a downward trend in the markets on Wednesday.
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Online
Darin Partners makes £17m Old Trafford buy
Investment firm Darin Partners has made its first UK purchase, acquiring the Manchester offices of British Gas at 97 Talbot Road for £17.2m from a private investor.
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OnlinePlans in for 640,000 sq ft Midlands shed
The Homes and Communities Agency (HCA) has submitted plans for a 640,000 sq ft mega shed in the West Midlands, as it looks to take advantage of a chronic lack of supply.
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OnlineMountpark drives off with Ford Transit site
John Cutts’ Mountpark has swooped to buy the former Ford Transit factory plant in Southampton for a 450,000 sq ft logistics park, Property Week can reveal.
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OnlineDocklands Hilton sails into market with £100m price tag
The Hilton hotel in London’s Docklands is about to hit the market with an asking price in the region of £100m.
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OnlineMP & Silva confirms Park House move
Sports media brand MP Silva has confirmed it is taking 15,000 sq ft of office space at Qatari-owned Park House in London’s West End.
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Online
Deutsche acquires Manchester trophy office
Deutsche Asset Wealth Management has acquired Two St Peter’s Square in Manchester at a price of up to £100m, as tipped by Property Week.
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Online
Picton acquires B&Q retail warehouse in Sheffield
Picton has acquired a retail warehouse close to Sheffield city centre for £17.7m, reflecting a yield of 6.6%.
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OnlineThe Economist to sell West End HQ
The Economist Group is to sell its longstanding editorial headquarters in London’s West End and seek new office space in central London.
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Online
M&G makes first retail buy in South Korea
M G Real Estate has made its first retail acquisition in South Korea, buying three assets for $230m (£148m), at an average yield of 6.5%.
